$SPDR S&P 500 ETF Trust(SPY)$ $SPDR DJIA ETF(DIA)$ $Invesco QQQ Trust-ETF(QQQ)$ rallied and made new highs as inflation cools but remains above 3%, above the 2% target of the fed. spy, dia and qqq are the etfs of spx, djia and compq indices respectively. from the pnf charts you can observe that they have rallied far from the blue uptrend line as the market expects a rate cut by the end of the year. however, when the stock price veers off too far from the blue support line, it will restore balance and result in a correction. a bull market will last for many years and it will be punctuated b
in 10 years time, tiger would have been equipped with advance generative ai capability that can help time the market and remind retail investor to invest or take profit. it will be able to provide a comprehensive analysis of the stock like a pro. at the same time, Algo trading would have made advancements too. so it is a battle between machines. what do you think @Aqa @Asphen @BenjiFuji @DiAngel @Fenger1188 @GoodLife99 <
i hope one day i can truly rely on ai to deliver accurate search results, collate and present it in a concise manner like a personal assistant. for example, i make a query about traveling to Chongqing and it will list me the top 10 places to visit along with pictures and videos, tips on how to get there; where to stay; things to take note, and the related blog it got results from. the search results must have breath and depth like a human would do. currently, what i get is breath but not depth, eg when i get there i usually get unwanted surprises.
Here are some recent developments related to Fed rate cut hopes: Fed's Promise To Cut Could Be Making It Harder To Deliver: This article discusses how the more dovish the Fed sounds about rate cuts, the more financial conditions will ease, making it more difficult for the Fed to actually cut rates. It also mentions that U.S. stocks have rallied since the Fed started talking about cuts in November. European Midday Briefing: Mood Sours as Fed Rate-Cut Bets Curtailed: This article highlights concerns among investors that the Federal Reserve may have to keep interest rates high for longer. It mentions comments from Minneapolis Federal Reserve Bank President Neel Kashkari, who said further rate hikes cannot be ruled out and cuts are not likely to come before "many more months" of benign inflati
Here are some recent developments related to oil prices: Oil extended gains as another attack on a ship in the Red Sea added to heightened geopolitical tensions in the Middle East ahead of an OPEC+ meeting. Oil has climbed this year due to tensions across the Middle East and output cuts by the Organization of the Petroleum Exporting Countries and its allies. OPEC+ is expected to roll over its production curbs into the second half of 2024. Oil prices rose on expectations that major producers will maintain production cuts at a meeting scheduled for Sunday. This comes as fuel consumption is expected to increase. Oil prices rose by more than US$1 a barrel on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting. A weaker US dollar also made the commodity more